morgans are the seller, page-8

Boys, there is no inside line on this.

Do you think we are the only people in the world who can see the value in HXG?

Potential 200 mil tonnes of Graphite, no deleterious substances, in Australia, with a market cap of under $25m. It's a no-brainer.

Any company in the battery mineral space would be looking closely at us - remember we are not in Africa. It was also the case in early 2016 when we were again languising around the 6c - 10c mark & the same thoughts crossed my mind regularly.

What would 'we' take?

Without speaking personally I think if someone came in today & offered double the share price quite a few shareholders would jump. If that would be enough I'm not sure.

Then again that might smoke out a rival bid & HXG would still be cheap in the market cap range of $60-$100m imo.